Just try to imagine life without a smartphone or a mobile phone? Difficult isn’t it? Yet just a few short years ago, mobile phones were something for only the elite in society or something you only saw on television in the latest spy movie.
Today, pretty much everyone has one and it is easy to see why. They are just so convenient and able to do so much. Need to surf the internet? Need to find a location using GPS? Want to send an email? Need to get your social media fix? Want to stay in touch with family and friends using instant messaging apps? Nowadays, a mobile phone affords you all of these possibilities and it is easy to see why such a range of people, from pensioners to housewives, businessmen, and students need a mobile phone on a daily basis.
The thing is however, to secure a phone, you often need to take out a mobile phone contract from a service provider. This was not normally a problem in the past, but unfortunately, large parts of the UK public are been frozen out from mobile phone contracts. Why? Well since the financial crisis of 2008, more and more people have fallen into financial trouble. This has led to them defaulting on loans, vehicle payments, mortgages, credit card payments, and other credit products.
When this happens, it means only one thing – a bad credit rating and that means trying to take some form of credit with a financial institution, in the form of a loan, or even a mobile phone contract is not going to happen. Because of your negative credit rating, you will be rejected, time and time again.
Do you have a negative credit rating? Do you want a contract mobile phone? There is hope!
Luckily, over the past couple of years people who have been rejected for a mobile phone contract have found an outlet in a product specially designed for them. This product, called a bad credit mobile phone contract, can be taken out by anyone but obviously is specifically targeted at those who have a bad credit rating, who have suffered bankruptcy or who want to build a positive credit history from scratch.
How exactly does a bad credit mobile phone contract work?
Well, it is simple really. The easiest way to apply is online in most cases. Here you will have to fill in an online form with the standard financial questions that you would expect from any mobile phone contract application. You will also need to provide a number of documents to complete the application. These include
- Personal identification
- Pay slips
- Bank statements
- Proof of address
Once these have all been submitted, it generally takes around an hour to see whether you have been approved. Don’t worry however, as more than 95% of applications get the go ahead. There are reasons why you may not be approved, however. These include if you are not a resident of the United Kingdom, if you are younger than 18 years of age or if you have lied about the figures related to your income or expenditure when applying.
What kind of phones can one expect on a bad credit mobile phone contract?
Well, perhaps surprisingly to many people, there are a range of phones that you can find on one of these contracts including top of the range smartphones from Apple and Samsung. We do not recommend these, however. Why? Well think about it, these cost a packet as it is on a normal contract and they are going to cost that little bit more as a bad credit mobile phone. Do you really want to put yourself under financial pressure just have a flashy new smartphone?
We are all about cheaper mobile phones and there are many that you can choose from on a bad credit mobile phone option. Our personal choice would be to rather go for a budget smartphone. These simply are the best option. Why? Well, not only can they do everything an iPhone 7 or a Galaxy S7 can, but they just make financial sense, especially for someone trying to pick up the pieces of their financial life and get out of the rut of bad credit. Sure they may be a little slow, not have as much memory and have slightly poorer cameras, but in terms of what they can offer, well it is the same as a flagship smartphone – email, social networks, apps – you name it and a budget smartphone can do it for you.
If you need any further information about bad credit mobile phone packages, give PhonesWorld a visit!